Solana (SOL) — Onchain News & Whale Tracking

Securitize has tokenized 12 U.S. stocks including Apple and Nvidia onto the Solana blockchain, and plans to expand to the New York Stock Exchange’s digital platform.

Tokenization firm Securitize announced today it is bringing 12 U.S. stocks—including Apple, NVIDIA, Tesla, and Microsoft—to the Solana blockchain, launching a new product called "Securitize Stocks". The initial lineup covers Microsoft, Amazon, Alphabet, Meta, Netflix, Circle, Strategy, and Palantir. Each stock token is backed 1:1 by actual shares, retaining applicable shareholder rights like dividends and voting rights in its structure, though it represents securities interests rather than direct ownership on the company’s shareholder register. A conversion channel may be offered once tokenization is adopted by issuers. The product will initially trade on Securitize’s existing Solana platform, with liquidity supplied by Jump Trading and settled in USDC stablecoin. It is also expected to list on the New York Stock Exchange’s planned 24/7 digital trading platform and the upcoming OKXICE tokenized securities venue—a joint venture between Intercontinental Exchange (NYSE’s parent) and OKX—both of which must meet listing and regulatory requirements.

Technical Vice President of the Solana Foundation: Solana users do not need to enter 'risk aversion mode' as seed phrases are not stored on-chain.

Solana Foundation Technical Vice President Jacob Creech stated in a social media post that even if the quantum timeline advances or AI-driven "classical attacks" emerge, Solana users do not need to enter "bunker mode" unlike users of other networks. Creech explained that Solana uses Ed25519, with each signing key derived from a secret seed hash. Whether quantum or classical attacks crack the curve, only the derived key would be exposed—not the seed, which never appears on-chain.

Solana ecosystem tokens saw broad gains, with MET surging over 51% in 24 hours.

According to HTX market data, Solana ecosystem tokens are seeing broad gains, with the following 24-hour performance: ? MET surged over 51%, pushing its market cap to $264 million; ? W rose over 25%, bringing its market cap to $116 million; ? JUP climbed over 14%, reaching a market cap of $1.237 billion; ? RAY gained over 10%, hitting a market cap of $1.365 billion; ? BOME rose over 8%, with its market cap now at $72 million; ? JTO climbed over 8%, reaching a market cap of $545 million.

Samsung partners with Solana, enabling Samsung Wallet users to send cross-border remittances using USDC on the Solana blockchain.

According to official announcements, Samsung has partnered with Solana to integrate stablecoins into 82 million Galaxy devices in the U.S. Samsung Wallet users in the U.S. will be able to use USDC on Solana for cross-border remittances starting from the last week of October.

Solana Ecosystem’s Orca and Loopscale Merge to Form Formation

Solana ecosystem decentralized exchange (DEX) Orca and lending protocol Loopscale have announced a merger, with the new entity rebranded as Formation. Luke Truitt, co-founder of Loopscale, will serve as CEO, while Orca’s Christopher Montagano will take on the role of Chief Strategy and Legal Officer. Formation will integrate Orca’s trading infrastructure with Loopscale’s lending and investment vaults, and plans to expand operations into capital-intensive sectors including AI, energy, robotics, and defense. The new entity will launch asset issuance tools and new investment strategies over the next year. Both protocols will continue to underpin the ORCA and xORCA token networks. Since 2021, Orca has recorded over $550 billion in trading volume, and Loopscale has facilitated more than $2 billion in loans. Terms of the transaction were not disclosed. (The Block)

Solana Accelerate China will host events in four cities: Beijing, Shanghai, Hangzhou, and Shenzhen, aiming to connect Eastern and Western talent and technology and empower cutting-edge technological innovation.

Solana Accelerate China, a high-profile tech innovation exchange gathering, will kick off in four Chinese cities starting October 16: Shanghai, Hangzhou, Shenzhen, and Beijing. The event centers on cutting-edge technology infrastructure, AI and digital applications, and global product expertise, aiming to connect talent, technology, and capital between East and West, while driving the implementation and development of next-generation innovative applications. It will bring together outstanding developers and innovative teams from home and abroad, fostering deep integration between local innovation strengths and the international frontier ecosystem through cutting-edge sharing sessions and technical demos. Event website and registration link: https://solana.com/nl/accelerate/china

Solana-based tokenized silver project Dominion has announced its shutdown, with liquidity collapsing after a September attack.

Solana-based tokenized silver project Dominion has announced its shutdown. The project team stated that a September security incident led to a large-scale breach and sell-off of SILV, triggering a liquidity collapse, operating capital losses, and damage to market structure, with the capital required for reconstruction exceeding the project’s remaining resources. Dominion has allocated most of its remaining liquid funds to a refund program, allowing eligible SILV holders who held tokens before the attack to exit at a rate of $63 per token. SILV was originally designed as a Solana token backed 1:1 by physical silver, with each token corresponding to one troy ounce of silver. On September 11, attackers compromised 3 of the project’s 5 multi-signature keys and dumped approximately 46,909 SILV tokens on a low-liquidity decentralized exchange (DEX). The pre-attack nominal value of these tokens was around $3 million, and the attackers ultimately cashed out roughly $238,000.

Solana ecosystem tokens fell broadly, with the SI token plunging more than 49% in 24 hours.

According to GMGN market data, Solana ecosystem tokens are seeing broad declines. Specifically: Super Inu (SI) has fallen over 49% in the past 24 hours, with a current market capitalization of $18.5 million; e/acc is down more than 46% over the same period, at a market cap of $6.9 million; Agency has dropped over 34% in 24 hours, with a market cap of $7.23 million; ANSEM is down over 13% in 24 hours, currently valued at $153 million; STONK has fallen more than 7% in the past day, with a market capitalization of $161 million.

Solana treasury firm DFDV added around 26,200 SOL last week, bringing its total holdings to over 2.56 million SOL.

According to official announcements, Nasdaq-listed Solana treasury firm DeFi Development (DFDV) disclosed that it added approximately 26,203 SOL tokens to its holdings last week, lifting its total position to around 2.5642 million SOL tokens, valued at roughly $302 million.

Solana Ecosystem Token Agency Surpasses $20 Million in Market Cap, Surging Over 11 Times in 24 Hours

According to GMGN market data, Solana ecosystem token Agency has crossed the $20 million market cap threshold, currently priced at $21.8 million, with a more than 11x gain in 24 hours and $28.6 million in trading volume over the same period. AGENCY is the native token of Agency, an AI token issuance platform built on Solana. The platform positions itself as an "autonomous token" infrastructure: creators can select different inference models for their tokens, enabling their AI "brains" to monitor markets, conduct research, manage treasuries, develop strategies, and execute tasks such as buybacks, rewards, and content creation.

The number of tokenized stock holders on Solana has reached 1.2 million, hitting an all-time high.

Solana’s official X account posted that the number of tokenized stock holders on Solana has hit an all-time high of 1.2 million, with 775,000 new holders joining in September alone.

Circle issues an additional 250 million USDC on the Solana blockchain.

According to Whale Alert monitoring, the USDC Treasury address minted 250 million USDC on the Solana blockchain, valued at approximately $250 million.

Solana ecosystem platform Metaplex has launched the permissioned RWA token standard MPL-3643 for the Solana ecosystem.

According to official announcements, Solana ecosystem tokenization platform Metaplex has launched MPL-3643, a new standard for permissioned real-world assets (RWAs) and tokenized securities tailored for the Solana ecosystem. The standard allows issuers to issue assets directly on Solana, removing the requirement for wrapped asset models. It embeds functions including transfer restrictions, lock-up periods, and compliance lifecycle management, and is built on Token-2022, sRFC 37, and the Solana Attestation Service. MPL-3643 is now in a limited open alpha phase.

Solana Foundation: 200-millisecond slot target has shifted from technical challenges to economic trade-offs.

The Solana Foundation released a report stating that as the network’s slot time continues to shorten, Solana’s skip rate remains stable, indicating that validators as a whole can keep pace with the faster block production speed. This means that shortening Solana’s slot time to 200 milliseconds is no longer just a matter of technical feasibility, but more about weighing the benefits it will deliver against the added costs. The report notes that shorter slot times enable Solana to produce blocks faster, while reducing the network’s consecutive downtime and shrinking the time window during which a single validator controls transaction sequencing continuously. Data shows that the p99 of the longest consecutive leadership period for an individual validator has fallen from roughly 3 seconds to around 2 seconds, meaning the scope for extracting value via transaction sequencing has also shrunk. That said, faster block production carries tradeoffs, including rising validator voting delays, with Asia and South America being more significantly impacted. The Solana Foundation cautioned that before the Alpenglow upgrade, caution is still warranted regarding the 200-millisecond target. Overall, Solana views current test results as proof the network already has the technical foundation to further explore 200-millisecond slots. The key questions to discuss next are: how much practical benefit faster block production will generate, and whether it is worth taking on the resulting increased validator costs and network pressure.

Solana Treasury firm DFDV added 47,700 SOL to its holdings last week.

Solana treasury firm DeFi Development Corp. (Nasdaq: DFDV) announced that it has added roughly 47,706 SOL tokens since September 21, bringing its holdings of SOL and equivalent assets to around 2.538 million SOL, with a total value of approximately $309 million, up about 2% from last week. Since releasing its second-quarter earnings on August 12, DFDV has cumulatively added more than 226,000 SOL tokens, growing its holdings by roughly 10%. The company stated it will continue expanding its SOL reserves through purchases, staking, and validator node operations, and will use the recently established $300 million CHAD ATM financing facility to support further acquisitions. Additionally, DFDV noted that its Nasdaq-listed variable-rate preferred stock CHAD currently carries an annual dividend yield of 13%, and the company plans to use revenue generated from SOL staking and validator node operations to fund these CHAD dividends.

Altcoins in the crypto market are continuing their sector rotation, with cross-chain infrastructure token QNT leading gains, GRT and W rising in tandem, and Solana ecosystem tokens rallying broadly.

According to HTX market data, the crypto market remains range-bound and volatile. Bitcoin is trading at $85,000, Ethereum at $2,700, SOL at $122, ZEC at $1,590, and BNB at $783. The total cryptocurrency market cap is down 1% over 24 hours, standing at $2.966 trillion. Altcoins continue to rotate, with cross-chain infrastructure token QNT leading gains, followed by GRT and W. Among Solana ecosystem tokens, PUMP is the top gainer, with ORCA, JUP, MET, and others rising around 10%. Top gainers include: QNT, trading at $304.01, up 102.85% in 24 hours. On September 24, The Clearing House selected Quant to provide interoperability and settlement technology for its on-chain currency project, and the market has been buzzing over its partnership with the U.S. banking system. Other notable gainers: GRT at $0.03517 (+28.45%), W at $0.01565 (+19.47%), IMX at $0.1916 (+16.69%), JASMY at $0.005544 (+16.24%), PUMP at $0.005073 (+15.69%), SEI at $0.08109 (+13.75%), AUDIO at $0.01698 (+13.65%), NOM at $0.002325 (+12.65%), and ORCA at $1.795 (+9.92%).

Backpack CEO: The next step for tokenized stocks is to move the entire stock market onto the Solana blockchain.

Backpack CEO Armani Ferrante outlines the next steps for tokenized stocks: the goal is not to reach 10 or 100 assets, but to move the entire stock market onto the Solana blockchain, using a unified API to allow assets that meet the definition of "real shares" to transfer between brokerage accounts and DeFi. The immediate next target is to expand from roughly 200 assets to 10,000.

Solana-based meme coin e/acc has surpassed a $29 million market cap and hit $55.5 million in trading volume just 9 hours after its launch.

According to GMGN market data, the Solana-based meme coin e/acc hit a market cap of $29 million and a trading volume of $55.5 million just 9 hours after its launch. The token uses UsePaid, a tool for automatic creator fee distribution, to pay generated creator fees to Silicon Valley influencer Beff Jezos (@beffjezos) on X. The real identity behind the account is widely believed to be Guillaume Verdon, a former Google X quantum computing and quantum machine learning engineer who later founded AI hardware firm Extropic. Verdon is more famous for his e/acc (effective accelerationism) slogan than his personal profile: the ideology of pushing AI, energy, and growth to their limits through technology and capital. After the e/acc meme coin launched today, Verdon initially claimed the X Money account was under DDoS attack, but later clarified that the funds would likely be used for e/acc-related non-profit activities. Notably, Verdon has no official issuance connection to the token; he is merely named and receives funds passively. BlockBeats reminds users that most meme coins lack real use cases, exhibit extreme price volatility, and caution is required for investments.

Solana’s Alpenglow consensus upgrade has launched on its second public testnet, targeting a reduction in final confirmation time to 150 milliseconds.

Solana’s planned Alpenglow upgrade has been rolled out on devnet and testnet in succession, providing application teams with a testing environment ahead of the mainnet switch. The upgrade aims to cut transaction finalization time from the current ~12.8 seconds to around 150 milliseconds, drastically reducing the wait time for transactions to release deposits or for payment apps to notify merchants of completed trades. Solana development firm Anza announced on September 25 that the devnet had completed its switch; the testnet transition was finalized the day before, and the Solana Foundation’s upgrade page shows Alpenglow is active on both networks. Alpenglow changes how validators reach consensus on network records: validators will exchange votes directly instead of recording votes as transactions within blocks, condensing consensus into just one or two voting rounds. Removing these votes will also lower some Solana activity chart metrics: the total number of transactions including validator votes will decrease, even if actual payments and trading volumes remain unchanged.

Solana ecosystem token PAID’s market capitalization has surged past $30 million, rising more than 220% in 24 hours.

According to GMGN market data, the market capitalization of PAID on Solana briefly topped $30 million, with a 24-hour gain of over 220% and trading volume of $23.4 million in the same period. Public information shows that UsePaid is an automatic creator fee revenue-splitting tool for tokens: project teams can route creator fees generated from their meme coins into UsePaid, where 80% is converted to U.S. dollars and disbursed to designated X users via X Money, while 20% is used to repurchase and burn PAID. BlockBeats warns users that related tokens have high price volatility, so investment should be approached with caution.

Solana-based Meme coin e/acc surges past $17 million in market capitalization and hits $25.3 million in trading volume just four hours after its launch.

According to GMGN market data, the Solana-based meme coin e/acc exceeded $17 million in market capitalization and recorded $25.3 million in trading volume within four hours of its launch. The token’s narrative centers on Silicon Valley’s "effective accelerationism"—a concept referring to using technology and capital to push AI, energy, and growth to their absolute limits. BlockBeats reminds users that most meme coins lack real use cases, are highly volatile, and investors should exercise caution.

DoubleZero Co-founder Responds to Solana-Related FUD

DoubleZero co-founder Austin Federa posted that some "industry bigwigs" have recently been spreading FUD (Fear, Uncertainty, Doubt) about the project in private communications. He emphasized that DoubleZero is fully focused on Solana: it has provided free high-speed connectivity for over 60% of Solana’s staked assets, with roughly 75% of validators using its network. The firm also runs lower-cost raw shred services and returns approximately 45% of related revenue to validators. Austin Federa added that more products for Solana are in the pipeline.

Ansem: Solana DeFi Could Be One of the Underrated Investment Opportunities of This Cycle

Crypto trader Ansem said he is growing increasingly bullish on Solana DeFi, calling it one of the more overlooked investment opportunities in this cycle. During the last cycle, meme coins captured most of the market’s attention, while protocols like Jito and Jupiter were still in the early stages of their token lifecycles. Ansem believes the market can now more clearly identify which protocols are emerging as core infrastructure for Solana. Compared to the previous cycle, the landscape of Solana DeFi protocols and their positioning within the ecosystem are gradually becoming clearer. He added that Solana’s low fees, fast execution capabilities, and steadily growing on-chain transaction volume further reinforce this investment thesis; as retail investors, institutions, and tokenized equities continue to move on-chain, Solana DeFi is poised to gain more room for growth.

Solana Foundation appoints former Binance and Polygon executives to drive institutional adoption and payment services.

Solana Foundation announced two key personnel appointments today. Former Binance executive Rachel Conlan has been named Chief Strategy Officer, while former Polygon Labs executive Jamal Raees will serve as General Manager of Payments. Conlan will oversee institutional partnerships and ecosystem growth strategy; she previously worked at Binance for three years, and held senior management positions at OKX, CAA Sports, and Havas. Raees will collaborate with payment companies, enterprises, and the broader ecosystem to drive the adoption and expansion of Solana as a global payment infrastructure. Solana Foundation President Lily Liu stated: “Solana’s ecosystem is growing in both scale and ambition. We are in the early stages of the token supercycle, where all assets and financial activities will natively migrate to the internet, making markets faster, more accessible, and operational around the clock.” This year, Solana has processed over $5 trillion in stablecoin trading volume, with on-chain real-world assets exceeding $4.5 billion, and tokenized stock supply surpassing $620 million. Liu emphasized: “The question is no longer whether the market will migrate on-chain, but how quickly and to whose infrastructure.”

Meme coin GP on the Solana blockchain briefly saw its market capitalization exceed $30 million, surging over 101% in 24 hours.

According to GMGN data monitoring, the Solana-based meme coin RuneScape Gold (GP) briefly broke through $30 million in market capitalization, hitting an all-time high, and is now trading at $27.4 million, with a 24-hour increase of over 101%. GP is themed around the in-game gold of classic game *RuneScape*, paired with tokenized gold GLDx. Each GP transfer charges a 3% tax; accumulated fees are regularly converted by StonkFun and distributed proportionally to eligible holders in the form of GLDx, forming a mechanism of "earning gold price exposure rewards by holding tokens". It is a high-volatility meme asset that combines nostalgic game narratives, transaction tax dividends, and the concept of tokenized gold. BlockBeats reminds users that most meme coins have no practical use cases, experience significant price volatility, and require caution when investing.

Trump AI rebranding-themed meme coin Super Inu on the Solana blockchain briefly saw its market capitalization surge past $10 million, posting a 176% gain in 24 hours.

Per GMGN market data, the Solana-based meme coin Super Inu (SI) briefly topped $10 million in market capitalization, now trading at $8.05 million with a 24-hour gain of 176%. Earlier, news emerged that during his UN General Assembly speech, Trump proposed renaming artificial intelligence to "Super Intelligence", stating that all U.S. documents would use "Super Intelligence" to refer to AI. BlockBeats reminds users that related tokens have small market capitalization and high price volatility, so investors should exercise caution.

Solana launches public beta test of its Alpenglow upgrade, aiming to reduce transaction finality to 150 milliseconds.

Solana has begun testing the Alpenglow upgrade on its public testnet, with the goal of cutting transaction finality from roughly 12.8 seconds to 150 milliseconds. The upgrade will replace the TowerBFT consensus protocol with the Votor voting protocol, allowing validators to confirm blocks via one to two rounds of direct voting. Testing is currently only supported by the Agave 4.3 client developed by Anza; Jump Crypto’s Firedancer and Frankendancer clients have not yet been integrated. The mainnet launch date remains undetermined. (CoinDesk)

Likely boosted by Donald Trump's mention of Super Intelligence, Solana ecosystem meme coin Super Inu surged more than 3 times in a short timeframe.

Per GMGN market data, Solana ecosystem meme coin Super Inu rallied over 300% in a short period, with its current market cap standing at $7.23 million. Issued on the Stonk platform, Super Inu draws inspiration from former US President Trump’s push to rename artificial intelligence (AI) as "Super Intelligence". It is paired with tokenized US stock Nvidia, built on the Backed Finance/xStocks framework. Trump announced in his recent UN General Assembly speech that he intends to rename AI to "Super Intelligence", and all US government documents will use the term "Super Intelligence". BlockBeats cautions users that related tokens have small market capitalizations, high price volatility, and early holders have already reaped substantial profits, so there may be considerable selling pressure in the short term. Users are advised to exercise caution when investing.

Solana ecosystem meme coin USELESS rebounds to exceed $300 million in market cap, rising over 20.1% in 24 hours.

According to GMGN data, Solana ecosystem meme coin USELESS has rebounded to surpass a $300 million market cap, with its current valuation standing at $280 million, up over 20.1% in the past 24 hours and 24-hour trading volume reaching $16.5 million. BlockBeats reminds users that most meme coins lack practical use cases, feature highly volatile prices, and caution is required for related investments.

Multicoin Capital Co-founder: Solana’s market cap will surpass Ethereum’s in this cycle.

Multicoin Capital co-founder Kyle Samani said that driven by factors like stronger usability and functionality, more crypto companies will build on Solana rather than Ethereum in the future. Solana’s market capitalization will overtake Ethereum’s “in this market cycle,” he noted, adding that Ethereum’s advantage as the default smart contract network for crypto firms may gradually weaken. Samani claimed that “hardly anyone actually uses Ethereum these days,” and its leading position remains mainly due to stablecoins, as well as stablecoins borrowed using ETH as collateral. Samani expressed a pessimistic view on Ethereum’s value capture ability. He stated: “This is an asset worth $300 billion to $400 billion, but its value capture ability is questionable, or may not exist at all, and it has no growth whatsoever.” Samani further said he doesn’t understand why investors are willing to hold ETH at its current valuation, noting there are many “more reasonably priced” investment opportunities in the market. He believes more crypto companies will shift to Solana, calling it “the most feature-complete network” that can help enterprises looking to integrate their operations reduce operational complexity. Although SOL’s current market cap is less than one-fifth of Ethereum’s, its weekly and monthly network fees have both exceeded Ethereum’s.

Trader YokaiCapital has published an exposé targeting multiple projects and KOLs in the Solana meme space, alleging that some of the tokens are involved in issues including bundled transactions.

Trader YokaiCapital released a post publicly exposing multiple projects, KOLs, and trading platforms in Solana’s meme ecosystem, alleging issues including wash trading, fake wallets, and market manipulation, and naming accounts such as Frank DeGods, Shadow, theunipcs, and blknoiz06. YokaiCapital claimed that tokens like TROLL, ANSEM, and CATE have large volumes of bundled wallets or “no real holders”, and accused some KOLs of generating trading hype through these tokens and fake accounts. It also stated that the FOMO leaderboard contains numerous fake identities and fake PnL (profit and loss), with some wallets potentially linked to bundled tokens. Regarding Axiom and Pump.fun, YokaiCapital alleged problems with some wallet tracking and Bubble Maps data presented to users, advising users to further verify on-chain wallet associations via tools like Solscan. It additionally leveled accusations against Axiom over data privacy and project listing fees. YokaiCapital noted that it has previously participated in some of these projects and admitted to incurring losses from related operations. Finally, it advised users not to blindly follow wallets or KOLs recommended by platforms, but instead build their own on-chain data analysis tools to identify real traders and fund behaviors. All content above constitutes YokaiCapital’s unilateral accusations and opinions; the original post does not provide sufficient evidence to independently verify all allegations. Whether the named projects, platforms, and accounts engaged in the aforementioned acts remains to be further confirmed.

ZetaChain passes Layer 1 shutdown proposal with 99.4% approval, ZETA token to migrate to Solana.

ZetaChain’s community has passed Proposal 68 with 99.4% support, voting to shut down its Layer 1 blockchain and migrate the ZETA token to Solana. The vote recorded a 58% turnout, exceeding the 40% quorum threshold, with opposition and abstentions each accounting for 0.3%. ZetaChain stated it will shift its focus to Anuma—an AI app launched in February this year—arguing there is no longer a need to maintain its independent Cosmos SDK-based Layer 1. Anuma currently reports over 300,000 users and has processed 1 million requests from 35 AI models. Under the proposal, ZETA will convert 1:1 to native Solana SPL tokens, retaining its original ticker and total supply, with existing unlock schedules unchanged—except for ZETA on Ethereum and BNB Chain. No shutdown timeline was set in the vote; a second vote will be held later to determine the balance snapshot block, shutdown block, and token claim/asset withdrawal plans. The project team will not hold the second vote until exchanges confirm their conversion arrangements, and ZETA staking will remain active during this period.

Solana network recorded a record high of 5.218 billion transactions last month.

According to Blockworks data, on-chain transaction activity on the Solana network reached a record high of 5.218 billion transactions in August.

Solana ecosystem token PUMPCADE has surged more than 42% in the past 24 hours, with its current market capitalization standing at $13 million.

According to GMGN monitoring, Solana ecosystem token PUMPCADE has surged over 42% in 24 hours, with its current market cap standing at $13 million. The token is part of the Pumpcade project, a prediction market built on Pump.fun. It took third place in a March hackathon, earning a $250,000 investment from Pump Fund, the investment arm of Pump.fun. BlockBeats Note: The token has low trading volume and extreme price volatility; investors should exercise caution.

Solana Ecosystem Token PAID Hits $36 Million Market Cap, Notches New All-Time High, Surging Over 38.7% in 24 Hours

According to GMGN market data, PAID’s market cap on Solana briefly touched $36 million, and is now at $30 million, hitting a new all-time high. The token has surged over 38.7% in the past 24 hours, with a trading volume of $29.6 million over the same period. Public information shows that UsePaid is an automatic creator fee-splitting tool: project teams can input creator fees generated from their meme coins into UsePaid, where 80% is converted to USD and disbursed to designated X users via X Money, while 20% is used to repurchase and burn PAID. BlockBeats reminds users that relevant tokens are highly volatile, so investment caution is required.

On-chain meme coin markets show divergence: Most leading tokens on Robinhood and BSC have pulled back, while popular Solana-based tokens are performing strongly, with cat-themed meme coins leading gains.

According to GMGN data, most top trending meme tokens on the Robinhood and BSC chains have seen a pullback today, while popular meme coins on the Solana chain have performed relatively strongly. Most cat-themed meme tokens are rising, with details as follows: Robinhood chain: ANTHROPIG is down 45% in 24 hours, current market cap at $6.4 million; CATGPT down 39% in 24 hours, $6.5 million; CASHCAT down 7.2% in 24 hours, $167 million; AI down 24% in 24 hours, $249 million; microduck down 7.2% in 24 hours, $7.7 million; BONER down 13.5% in 24 hours, $34 million; pair.fund platform token PAIR down 10.2% in 24 hours, $6 million; UBIK down 27.6% in 24 hours, market cap now at $24 million. BSC chain: BREW down 11% in 24 hours, $15 million; 4Stock down 14.5% in 24 hours, $26.3 million. Solana chain: EMBER up 23% in 24 hours, $33 million; STONK up 10.2% in 24 hours, $239 million; CATE up 30% in 24 hours, $54 million; ZCAT up 31% in 24 hours, $98 million; RAYCAT up 14% in 24 hours, $9 million; LEVERCAT up 28% in 24 hours, $4.1 million; BATON up 110% in 24 hours, $14 million. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.

Solana-based social wallet Hey Wallet is shutting down, users are advised to back up their wallets.

Solana social wallet Hey Wallet announced in a post that it will cease its product services, and reminded all users to back up their wallets. Previously, Hey Wallet supported users to send SOL via tweets, tip creators, mint NFTs, and conduct transactions on X, Discord, and Telegram.

Solana ecosystem token PERPSPAD briefly surges past $5 million in market capitalization, logging a more than 200% increase in the past 24 hours.

According to GMGN market data, PERPSPAD, the token of Solana-based token launch platform PerpsPad, briefly topped $5 million in market capitalization before pulling back to $4.2 million, with a 24-hour gain of over 200%. PERPSPAD is a "position tokenization" token in the Solana ecosystem. PerpsPad is an innovative token launch platform whose core function is to back every issued coin with a real leveraged perpetual contract (Perp) position: transaction fees automatically flow into the coin’s dedicated on-chain sub-wallet to open or add to leveraged positions (supporting multiple markets including SOL, BTC), while a portion of the fees is used for token buybacks and burns. PERPSPAD itself is structured as a 5x long SOL strategy, and can receive buyback support from trading revenues of other tokens on the platform, operating on the Phoenix network. BlockBeats reminds users that related tokens are subject to high price volatility and significant uncertainties, so users should exercise caution when investing.

Donut AI CEO and founder Chris shared his recent live trading details on Twitter: he exited PONS at its peak to shift to the Solana ecosystem, betting on launchpad token STONK, earning nearly $1 million from a single token position.

Donut AI CEO and founder Chris recently disclosed his holdings and live trading results on the FOMO platform (FOMO account: chriszhuureal). Over the past 30 days, he has generated approximately $130,000 in profit, trading multiple active tokens on the Robinhood Chain, including PONS, AI, and BONER. According to Chris’s Twitter post, he has held PUMP for several months, citing that the protocol is one of the most stable revenue-generating products in crypto, with solid operations and high retail investor exposure. This position has now realized a profit of around $930,000. However, he also pointed out PUMP’s shortcomings: its mobile experience is laggy, and its design is not centered on social elements—exactly why he shifted to testing FOMO. Additionally, Chris said he took profits on PONS when it hit a roughly $600 million market cap, and shortly after spotted a token launchpad emerging on the Solana ecosystem, leading him to buy STONK at the bottom. His view: Solana token performance depends on the amount of SOL on-chain, while the Robinhood ecosystem relies on the amount of cash and FOMO sentiment on the platform. This marks a difference in asset flow: the Robinhood Chain is too new, with its market performance almost entirely driven by inflows of new retail funds; by contrast, Solana token pricing will revolve around the flow of existing SOL. On position entry details, Chris revealed he entered STONK at an $89 million market cap, based on PONS’s previous surge to nearly $1 billion. STONK has since broken through a $280 million market cap, and the profit screenshot he shared shows gains of roughly $180,000. While he notes STONK’s buyback design lags behind that of Robinhood Chain’s launchpad Long.xyz, he remains more optimistic about the Solana ecosystem’s future development. Finally, Chris stated in a long post that he will continue holding STONK and PUMP, but reminded all crypto investors to always prioritize taking profits in trading.

Solana’s proposal SIMD-0437, the second phase of its rent reduction, will go live on the mainnet on September 11.

Solana core development team Anza announced that the second phase of Solana’s SIMD-0437 rent reduction proposal will take effect on the mainnet at around 21:15 UTC on September 11, corresponding to epoch 1033. Per-byte lamports will drop from 6333 to 5080, marking an overall reduction of roughly 27% from the initial level, making on-chain storage deposits such as creating token accounts more affordable. The official also stressed there is no fixed timeline for subsequent steps: the third phase will only launch after confirming on-chain state growth is safe, and SIMD-0438 can serve as a fallback to revert rent parameters if anomalies arise. Three steps remain in the five-step plan.

OpenCover is expanding to Solana, with its initial coverage including four major protocols such as Kamino and Raydium.

On-chain risk coverage platform OpenCover has announced it is expanding its institutional-grade risk protection to the Solana network. Eligible positions can now access coverage, with the initial rollout covering Kamino, Raydium, Orca, and Jupiter. Specific coverage scope, limits, and terms vary by protocol and position. OpenCover primarily provides on-chain risk protection for DeFi users, connecting them to underwriters including Nexus Mutual. Following this expansion, Solana ecosystem users can now purchase coverage for risks such as smart contract vulnerabilities, oracle failures or manipulation, liquidation failures, and governance attacks. According to a prior announcement from Nexus Mutual, it has now launched four coverage products on Solana for Kamino, Raydium, Orca, and Jupiter, covering nearly 90% of the Solana lending market’s total funds. Of these, Kamino and Jupiter hold over $1 billion and $925 million in lending deposits respectively. OpenCover noted that this launch marks the start of its further expansion of risk transfer infrastructure on Solana, and it will subsequently partner with protocols, asset management firms, and liquidity providers to expand the range of positions eligible for coverage.

The Solana ecosystem has emerged as the only remaining on-chain hotspot, with Banton surging past $10 million before pulling back.

On-chain activity has plummeted today, but the Solana ecosystem remains the only hot spot on chain. According to GMGN market data, multiple meme coins paired with altcoin liquidity pools have stayed strong today. Among them: BATON, launched 7 hours ago, has seen its trading volume exceed $2,750. Its market cap briefly surged to $10 million before pulling back, and is now trading at $4.94 million. The token derives its name from an early pump.fun project and its parent company, with its liquidity pair being PUMP, the native token of the pump.fun platform. LEVERCAT is currently valued at $5 million, with a 24-hour gain of 277%. Its liquidity pool is paired with xSOL, a leveraged SOL token from Hylo. BlockBeats reminds users that most meme coins have no practical use cases, are highly volatile, and investors should exercise caution.

Solana ecosystem token launch platform STONK leads the rally, with its market capitalization rising back above $180 million.

According to GMGN market data, the market capitalization of STONK, the token of Solana-based token launch platform StonkFun, briefly rebounded above $180 million and is now trading at $179.6 million, with a 24-hour gain of 24.86%. The token’s 24-hour trading volume reached $94.1 million. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.

After its bid to acquire Solana-based treasury firm SkyAI was rejected, Forward is calling on shareholders to oppose the re-election of five incumbent directors.

Solana treasury firm SkyAI will hold its annual general meeting on September 18. Potential acquirer Forward Industries has publicly called on shareholders to oppose the re-election of five incumbent directors and reject the 2026 equity incentive plan, which would authorize the addition of 5.145 million new shares for equity compensation. Earlier, Forward proposed an all-stock acquisition offer of 0.367 FWDI shares per SKYA share, a roughly 20% premium, but was unanimously rejected by SkyAI’s board in July. Meanwhile, shareholders including Bastion Trading, which holds a 9.99% stake in SkyAI, have filed documents with the SEC, planning to vote "WITHHOLD ALL" on all director candidates, and questioning the company’s recent articles of association amendments, adoption of a poison pill plan without shareholder approval, and related-party transactions. (The Block)

Solana Mainnet Beta Transaction V1 Activation Delayed to Epoch 1035

Solana core development team Anza announced on X that Mainnet Beta Transaction V1 will activate starting at Epoch 1035, with an estimated time of approximately 1:20 UTC on September 15. The ecosystem team noted that additional time is required to test and integrate V1 support; V1 is now live on the devnet for integration testing. Compute budget in V1 is set via new transaction configurations. While compute budget instructions remain functional in both legacy and V0 transactions, they will not take effect in V1. Application developers, even those not planning to submit V1 transactions, must verify the impact of these changes on their applications.

Solana ecosystem prediction market World officially launches, opening to over 1 million waitlist users.

Solana ecosystem full on-chain prediction market World announced that its independent platform World.xyz has officially launched, with over 1 million users on its waitlist. The platform offers thousands of markets spanning sports, cryptocurrency, politics, finance, economics, and culture, covering all NFL regular seasons, 7 soccer leagues, F1 races, the 2026 U.S. midterm elections, and Federal Reserve interest rate decisions. Since integrating Phantom in July, World has launched more than 150,000 markets. Each market on the platform consists of "Yes" and "No" contracts, priced between $0 and $1, and settled using Phantom’s U.S. dollar stablecoin CASH. Technically, World leverages Chainlink Data Streams and Chainlink Runtime Environment to provide market data and automated settlements, reducing manual intervention and dispute resolution wait times. Prediction markets for stock price movements, gold, silver, oil, natural gas, computing power, and weather will be rolled out sequentially.

Bonk Guy is turning bullish on Solana, as the network has started proactively supporting its on-chain community.

Prominent crypto trader Bonk Guy has stated in a post that his stance on Solana and its associated ecosystem is gradually shifting from bearish to bullish. Previously, he argued that Robinhood Chain and BNB Chain would likely outperform Solana in the current cycle, and has written a related analysis that remains unpublished. The shift stems mainly from Solana’s recent renewed focus on its on-chain meme trading communities, core team members reaching out to him proactively, and the Solana official account and co-founder Toly beginning to publicly engage with ecosystem projects including STONK and USELESS. He views this as a sign that Solana is becoming more proactive in supporting projects and communities that drive ecosystem growth. Bonk Guy emphasized that he has never questioned Solana’s technology and infrastructure, but rather the ecosystem culture and the impact of some profit-seekers on users. Given the recent developments, he has submitted his original bearish analysis to the Solana team, and noted that if the analysis is later made public, he will add more context and details about his stance on Solana.

Solana ecosystem meme coin ZCAT has cumulatively distributed ZEC worth approximately $2.75 million to its holders.

Solana ecosystem cat-themed meme coin Anonymous Cat (ZCAT) has distributed roughly 2,320 ZEC to eligible holders via its unique transaction tax mechanism, worth approximately $2.75 million at current prices, with over 470,000 reward distributions completed. ZCAT levies a 3% transaction tax on every transfer; most of the proceeds are converted into Zcash (ZEC) and then allocated to wallets holding at least $20 worth of ZCAT. With ZEC surging sharply recently, this mechanism has significantly increased the ZEC rewards earned by ZCAT holders. It is worth noting that these ZEC do not come from business revenue, but from transaction taxes generated by other users buying, selling, and transferring ZCAT. As such, ZCAT’s reward scale is highly dependent on its own trading activity; once trading volume declines, ZEC rewards for holders will also drop substantially. Per GMGN market data, ZCAT currently has a market capitalization of around $111 million, a 4.39% 24-hour drop, and a 24-hour trading volume of approximately $20.5 million.

Solana ecosystem meme coin USELESS posts a short-term rally, surging past $280 million in market capitalization.

According to GMGN data, Solana ecosystem meme coin USELESS has rallied to a market cap exceeding $280 million, boosted by its listing on Upbit’s spot trading platform. The token has gained over 12% in the past 24 hours, with a 24-hour trading volume of $22 million. On September 1, prominent trader "Bonk Guy" noted that his bullish stance on USELESS is even stronger than when he traded BONK in 2023, adding that USELESS previously rose from a roughly $4 million market cap to $450 million during a non-bull market cycle, and could see even larger upside if it enters a genuine bull market for the first time. BlockBeats reminds users that most meme coins lack real utility, are highly volatile, and investors should exercise caution.

Solana-based meme coin "Just a Backpack" briefly surpasses $4 million in market capitalization.

According to GMGN market data, the Solana-based meme coin "Just a Backpack" briefly surpassed $4 million in market capitalization, and is now trading at $2.98 million, with a 24-hour trading volume of $6.4 million. On-chain data shows that crypto trader Ansem bought 4.5 million units of "Just a Backpack" 20 minutes ago for $15,000. "Just a Backpack" is a meme coin themed around Backpack, and forms a trading pair with Backpack's token BP. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and require caution when investing.